Rent to own properties unable to get Fannie Freddie Mortgage?

[John Becker]

I am doing the BRRRR strategy, and I have a great clean property that I was going to cash out finance. I was just told by my lender, that since my lease, had an addendum for Rent to own, that I could not get my mortgage approved without a form deleting the Rent to own provision.

The mortgage guy couldn't explain why this was the case, other than  if I were to sell the home, only the current tenant could buy it.?

Any lenders out there who can explain this condition? Is this accurate? Should I no longer offer the rent to own on my BRRRR properties?

Thanks